新兴市场国家外汇市场压力影响因素研究

发布时间：2018-05-30 10:58

本文选题：外汇市场压力 + 东亚金融危机　；参考：《国际金融研究》2012年05期

【摘要】：针对1997-1998年东亚金融危机和2007-2008年美国次债引发的全球性金融危机,本文对1990-2009年期间新兴市场国家外汇市场压力问题进行了比较研究。首先,本文统计分析了这两次危机前后样本国家外汇市场压力的阶段性特征,发现2000年以来,升值成为新兴市场国家绝对主导的外汇市场压力类型;其次,本文对两阶段外汇市场压力形成的影响因素进行了实证分析,比较结果发现,两阶段外汇市场压力形成的影响因素存在很大差异,本文从新兴市场国家经济政策变化和危机发源地差异的角度对其原因进行了分析;最后,本文对研究结果的政策含义进行了诠释。
[Abstract]:In view of the 1997-1998 year East Asian financial crisis and the global financial crisis caused by the 2007-2008 year American sub debt, this paper makes a comparative study on the pressure of foreign exchange market in emerging market countries during the period of 1990-2009 years. First, this paper analyses the stage characteristics of the foreign exchange market pressure in the sample countries before and after the two crises, and finds that in 2000, Therefore, appreciation has become the dominant type of foreign exchange market pressure in emerging market countries. Secondly, this paper makes an empirical analysis on the factors affecting the formation of pressure in the two stage of foreign exchange market. The results show that there are great differences in the influence factors of the formation of the two stage of foreign exchange market pressure. Finally, the policy implications of the research results are interpreted.
【作者单位】：上海财经大学国际工商管理学院;
【基金】：国家自然科学基金项目“零利率下限约束下货币政策和财政政策组合研究:理论、实践及对中国的前瞻性政策含义”(项目编号:71173142)
【分类号】：F831.52;F224

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